nep-cul New Economics Papers
on Cultural Economics
Issue of 2022‒03‒21
six papers chosen by
Roberto Zanola
Università degli Studi del Piemonte Orientale

  1. Online video sharing and revenues during the Pandemic. Evidence from musical stream data By Mourelatos, Evangelos; Mourelatos, Haris
  2. News Media, Digital Platforms and Content Sharing By Go, Geoffrey
  3. Challenged by technology: the audiovisual landscape and the evolving regulatory framework in Europe By Jean-Paul Simon; Pierre-Jean Benghozi
  4. "Tell me what you read, I'll tell you what you are". Relationship between Monitoring and Strategic Orientation By Cécile Chanut-Guieu
  5. Entrepreneuriat artistique et culturel : oxymoron, euphémisme ou allégorie? By Pierre-Jean Benghozi
  6. Impacts of International Sports Events on the Stock Market: Evidence from the Announcement of the 18th Asian Games and 30th Southeast Asian Games By Dwipraptono Harjito; Md. Mahmudul Alam; Rani Dewi

  1. By: Mourelatos, Evangelos; Mourelatos, Haris
    Abstract: This study examines how instant online video sharing affects artists' musical streams during the pandemic. On average, the use of the TikTok app significantly increases artists' streams, by approximately 5%. This increase is even higher for male, European and dj Mag 2020 new entry artists.
    Keywords: Covid-19,Streams,Online video sharing
    JEL: I1 L82 Z10
    Date: 2022
  2. By: Go, Geoffrey (Monash University)
    Abstract: The recent ‘News Media Bargaining Code’ has raised controversy as Australia attempts to force digital platforms to pay news publishers for their links and snippets. To understand the impacts of the bargaining code on both the sustainability and quality of journalism, we develop a model where there are two types of news content available to consumers : full news from the news publisher and snippets on the platform. We show that the bargaining code strictly improves the news publisher’s welfare but increases their joint investment incentives if and only if the relative investment in snippets is suffciently large. We further establish that commercial agreements are a promising alternative that strictly increases both the welfare of news publishers and the quality of their news. Our results suggest that the bargaining code is better used as an indirect threat to promote fair commercial negotiations, rather than used directly.
    Keywords: advertising ; online platforms ; content sharing ; journalism JEL Classification: L52 ; L82
    Date: 2021
  3. By: Jean-Paul Simon; Pierre-Jean Benghozi (X-DEP-MIE - Département de Management de l'Innovation et Entreprenariat de l'École polytechnique - X - École polytechnique)
    Abstract: Over the last decades, media, IT and telecoms have been transitioning away from siloed markets dominated by legacy players. New entrants have been the engines of disruptive changes and the media sectors have witnessed new dynamics, opening up a phase of increased competition with competing business models. The context of convergence thus differs deeply from 20 years ago. The first section of the paper presents a picture of the European audio-visual markets, stressing its main features. It concentrates on the audiovisual service markets, describing its streams of revenue and structure. The second section tracks the way the European Commission has been dealing with the regulation of content over the last three decades. It sums up its main initiatives, goals and rationales. It shows how the European Commission has been catching up with technology with the progressive setting up of a two-pronged framework: sectoral (broadcasting-telecommunications) on the one hand, information society (e-commerce now digital services) framework on the other hand. The paper concludes with an assessment of the design and effectiveness of the policies, particularly DSA/DMA, and a view on the transition of the audiovisual markets. Based on a series of reports and research updated by desk research, the article reviews some of the existing literature, official publications and industry and consultancy data.
    Keywords: digital economy,audiovisual industry,convergence,European regulation
    Date: 2021
  4. By: Cécile Chanut-Guieu (LEST - Laboratoire d'économie et de sociologie du travail - AMU - Aix Marseille Université - CNRS - Centre National de la Recherche Scientifique)
    Abstract: This research aimed to investigate the relationship between how an organization monitors its external environment and defines its strategic orientation. These two constructs are assessed through the perception of professionals related to monitoring activities in their organizations. The approach chosen is quantitative, using the survey as research method. Data are analyzed by using descriptive statistics, non-parametric and multivariate analysis. The results indicate a relationship between external monitoring and strategic orientation: the formal search for information stood out more in analytical and prospector organizations and informal search, in reactive and defensive ones.
    Keywords: Competitive Intelligence,Organizational Strategy,Organizational Environment,Monitoring,Strategic orientation
    Date: 2020–04–01
  5. By: Pierre-Jean Benghozi (CNRS - Centre National de la Recherche Scientifique, i3-CRG - Centre de recherche en gestion i3 - X - École polytechnique - Université Paris-Saclay - CNRS - Centre National de la Recherche Scientifique)
    Abstract: Nouveaux acteurs, nouveaux services, nouveaux modes de consommation, nouvelles formes de créativité: l'importance de l'innovation et de l'entrepreneuriat a redoublé et l'attention qu'y portent les sciences de gestion tout autant . La figure grandissante de l'entrepreneur culturel fait directement écho à cette montée en puissance de la figure de l'entrepreneur en général dans la société, portée par la vague des start-up associées aux nouvelles technologies. Pour autant, la question dépasse le simple effet de mode associé au poids grandissant du numérique. En matière d'art, les porteurs de projets ont existé de tous temps et l'attention qu'on porte à l'entrepreneuriat artistique et culturel en tant que tel s'est manifestée dès les années 80 en France, dans la foulée de l'impulsion financière donnée à l'époque par le ministère de la culture. Cette importance grandissante de l'entrepreneuriat tient-elle donc d'un engouement pour un phénomène préexistant sur lequel on met désormais un terme nouveau, ou d'un phénomène inédit que les chercheurs étudient et que l'Etat cherche à accompagner?
    Date: 2021
  6. By: Dwipraptono Harjito (Universitas Islam Indonesia); Md. Mahmudul Alam (UUM - Universiti Utara Malaysia); Rani Dewi (Universitas Islam Indonesia)
    Abstract: This research assesses the influence of hosting major international sporting competitions on the host countries' stock market performance before and after the announcement of such events. Specifically, this study explores whether stock markets of hosting countries experience cumulative average abnormal return (CAAR) during the aforementioned period. For the purposes of investigation, the study considers announcements of the 18th Asian Games and 30th SEA Games hosted by Indonesia and the Philippines, respectively. The LQ45 index of the Indonesia Stock Exchange (IDX) and PSEi index of the Philippines Stock Exchange (PSE) were chosen to test the significance of these events. It is found that only PSE has experienced a significantly positive CAAR for the event. Findings of this study can make a significant contribution to helping national governments and investors understand the significance of sports to the economies of developing countries and how major sports events can improve stock market efficiency.
    Keywords: Stock market,Southeast Asian Games,Asian games,International sporting event,Event study
    Date: 2021

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